Dogecoin Gains 116% in Two Weeks, King of Memes Overtakes Major Crypto Assets

Stats show that dogecoin has gained 116.3% in the past two weeks, and the token sits in eighth place in the current crypto market.

Who let the dogs out? Dogecoin smashes the competition by posting triple-digit gains in two weeks.

Dogecoin (DOGE) has had an incredible surge lately and it all started when Elon Musk officially took over the reins of Twitter. Two-week metrics against the US Dollar show DOGE surging an impressive 116.3%, outpacing gains seen by crypto-asset leaders such as BTC and ETH.

Ever since billionaire Tesla executive Elon Musk took over Twitter, the value of dogecoin (DOGE) has skyrocketed. People suspect Musk of integrating dogecoin payments into the social media platform.

The 30-day stats show that DOGE is up 98.8% and over the past week dogecoin has gained 52.8% in value. However, despite the mega gains made over the past month, DOGE is still down 51.3% year-to-date and 82.5% from the all-time high of $0.73. Over the past 24 hours, DOGE has had a price range between $0.122 and $0.134.

The Doge is now the eighth largest coin by market capitalization and the coin has seen $3.10 billion in 24-hour global trading volume. Doge’s market capitalization today stands at $17.5 billion by current metrics and there is a circulating supply of over one hundred and thirty-six billion DOGE.

Dogecoin climbs 116% in 2 weeks, king of memes outperforms major crypto assets.

The first meme currency has also fueled the entire meme currency economy as it is now valued at $25 billion, a 5.9% increase in its USD value in the last 24 hours. The second largest meme currency hasn’t seen gains like DOGE in the past week, the Shiba inu (SHIB), however, gained 8% in the past week.

Other meme coin assets like dogelon mars (ELON) and floki (FLOKI) have gained between 31% and 52% over the past week. Today, DOGE is equivalent to 70% of the entire meme currency economy, which is worth $25 billion, and 1.587% of the entire crypto economy, valued at $1.1 trillion .

Tether (USDT) is the top dogecoin pair as it accounts for 52.88% of all DOGE transactions today, while BUSD follows with 18.76% of all DOGE transactions in the past 24 hours. BUSD is followed by USD (16.76%), BTC (2.70%), KRW (2.68%) and TRY (2.03%) respectively, according to data compiled by cryptocompare.com.

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